BXH leads DeFi to the new Heights: Launches on Ethereum Network, Starts Initial Mining
Since 2021, the DeFi market has sustained a high growth rate this year, with a total value locked (TVL) hit US $80 billion, featuring its vertical expansion to trading, lending, treasury and insurance. However, due to a lack of user friendliness and accessibility, more complex product logic and complicated operational processes have constrained DeFi products from moving to a broader audience market.
The development of DEX is highly competitive in the DeFi market, with almost all DEX adopting the economic model of liquidity mining. But to smoothly run liquidity mining, there should be a large enough user base, transaction demand and quality assets, which is to make the frequency of transactions and fees sufficient to cover the output of liquidity rewards. The first half of 2020 saw a surge of DEX projects, while DeFi’s trading users and trading demand did not grow significantly. Liquidity mining came to a standstill. Some DEXs that have launched their large centralized exchange even showed their leading effects. Thus, the vision of DEX overturning CEX and decentralized finance overturning monopoly finance became more untouchable.
The upgrade and transformation of BXH features a one-stop DeFi eco-platform with aggregated revenue as the main focus and DEX decentralized trading platform as a supplement. Among them, AI-powered yield farming aggregator mainly refers to the high-yield smart pool function of aggregated mining, advantageous trading pairs and reacts quickly to market changes and hot quotes, reacts quickly to market changes, opens up the multi-chain DeFi ecosystem, and iterates on more, easier-to-use and more advantageous DeFi applications.
AI-powered yield farming aggregator
The BXH Smart Pool is a decentralized pooled mining protocol that centred on providing users with DeFi aggregated financial management services. When users deposit stable coins such as DAI, USDC, USDT and non-stable cryptocurrencies such as BTC, ETH, TRON, etc., the smart pool will invest the funds in some long-running and reputable DeFi protocols, while automatically regulating the deployment of funds according to the real-time floating yield changes of different protocols. While automatically helping users to find maximum returns, the smart pool also reduces the gas cost of decentralised operations can be reduced through the mechanism of a single position transfer.
On 26th August, BXH Ethernet cross-chain went live, completing the initial multi-chain connectivity, enabling asset interoperability and creating an all-ecological trading protocol. This allows BXH users to freely transfer and trade their multi-chain assets with a single click, showing a great competitive advantage.
BXH’s DEX platform focuses on advantageous trading pairs, integrating automatic market making (AMM), community autonomy (DAO) and platform coin pledge mining (Staking), together with a series of incentives designed to provide the best depth of trading and the best pledge yield to help users get the most out of their money, which will further stimulate the flow of capital into DEX while further stimulating market attention. The DEX platform is completely decentralized. It allows tokens to be freely deposited for exchange and can be freely withdrawn without the registration, identity verification or withdrawal restrictions of a centralized exchange. It is not traded against other trading users, rather, it is traded against a pool of tokens and has an automated market making model (AMM) to calculate the trading price.
BXH uses AMM (Automated Market Maker) as a core component of their trading section, which pools everyone’s liquidity together and then makes market based on an algorithm. That is, it is essentially an algorithm-based automated market making service that can provide unlimited liquidity and can have a large order size without worrying about a small liquidity pool. Unlike the ultra-high GAS fees on the Ethereum chain (up to tens or even hundreds of dollars per transaction), BXH’s DEX platform has a high utilisation of gas, fees can be as low as $0.001 per transaction.
The Current BXH liquidity pools support: WBTC/USDT, ETH/USDT, ETH/USDC, WBTC/ETH, USDT/USDC, UNI/USDT
“There is no casual success, one must have the spirit of perseverance and hard work for their objectives”, a quote from Forrest Gump. The character of BXH interprets the spirit of this quote. BXH team is also showing their efforts like everyone, we believe in running non-stop to cast the best future.
